Day Kimball Healthcare, Putnam, Conn.
Day Kimball Hospital is located in rural Northeastern Connecticut. Our campus is a collection of buildings that were constructed between 1900 and 1998 and we have the same challenges that small community hospitals are facing today — an aging infrastructure and limited financial resources. Like most hospitals our size, we feel fortunate to have any level of profitability at the end of the year. As such, many times our needs outstrip our funding capability. This is especially true as we strive to maintain and improve this aging infrastructure with limited capital resources. But again, like other small not-for-profit hospitals, we have to be creative in identifying critical funding sources in order to achieve necessary improvements. Our story here is really about the perseverance and ingenuity of our Facilities Director and the extraordinary work he has done over the many years he has worked for our organization.
PROJECT #1: In 2000, the hospital initiated a comprehensive energy conservation project across virtually all areas of the hospital as follows:
COST OF PROJECT: $1,000,000
FUNDING SOURCES: Utilized a $250,000 utility company incentive, a $500,000 no-interest loan from the utility, $250,000 equity contribution
ANNUAL SAVINGS: $240,000
RETURN ON INVESTMENT OF EQUITY: 3.125 YEARS
PROJECTED COST AVOIDANCE OVER LIFE: 10 YEARS/$2,400,000
PROJECT #2: In 2006 we initiated an off-campus electrical conservation project.
COST OF PROJECT: $122,000
FUNDING SOURCES: $61,000 incentive from the utility and a $61,000 equity contribution.
ANNUAL SAVINGS: $24,000.
RETURN ON INVESTMENT OF EQUITY: 2.5 years
COST AVOIDANCE OVER LIFE: 10 YEARS / $240,000.
PROJECT #3: PHASE I: 2013 / 2014 GAS & ELECTRICAL CONSERVATION. This project included the following measures:
COST OF PROJECT: $423,839
FUNDING SOURCES: Utility Incentives totaling $211,919
Equity contribution totaling $211,919.
ANNUAL SAVINGS: TOTAL ANNUAL IS $71,908
Natural Gas Savings is calculated to be $33,296
Electric Cost Savings is estimated at $38,612 per year
RETURN ON INVESTMENT OF EQUITY: 2.95 years
COST AVOIDANCE OVER LIFE: 15 YEARS / $1,078,627.
Greg Harubin and his team in facilities have done a remarkable job in moving our updating critical systems at a total cost of $1,022,919 with an impact that allowed us significant energy savings and cost avoidance totaling $3,718,627 over the expected life of these projects while keeping our investment in these projects within our financial capacity. This equals a payback of $3.63 for every dollar spent – a great achievement!
Greg Harubin, Director Facilities
Tim Morin - Supervisor
Bob Andrews - Project Manager
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